Voice Of Indians

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WHY GOLD PRICES ARE FALLING Posted on July 7, 2013 by Soumyasarkar In last few years, gold prices are considered t be the best bet and gold had a steady upside. But after touching the new high at Rs. 32456, gold started falling sharply. Most of investors are worried as they entered into gold at around Rs. 30000 level. Now we have to understand that why gold was rising so steeply. Gold is considered to be a safe investment. Gold started climbing after the US crisis on 2008. After the lehmann brother episode, investors turned into gold as a safe investment. Investors are always looking for return methods. Once US turned into recession, investors got out of equities and real estate. At that time the safe investment for them was gold. Yellow metal which is considered to be an precious metal since ancient time rallied due to the recession. Now we like to understand why gold is falling so steeply. There are few reasons for this. One of the main reasons, global inflation is falling, reducing gold’s value as a hedge against rising prices. Gold bugs who were betting on an outburst of inflation are scrambling to reverse their bets and exit their gold positions at any price. According to the JPMorgan index, global inflation peaked at 4 percent in 2011 and has fallen steadily since. Global prices in February were up only about 2.5 percent from a year earlier, the bank’s index says. The global inflation decline is partly a matter of supply bottlenecks easing, which isconsidered a good thing, and demand growth slowing, which is not so good. Now the most investors asked me why India is facing the problem over gold prices. The reasons are very simple. India is now at par with other global economies and cant isolate further on this regard. So the reason remains same for india as well. Additionally, India increased import duty on gold by a third to 8 percent as the government seeks to halt a surge in demand after gold imports hit 162 tonnes in May – twice the monthly average of 2011 when they reached a record. But the pos

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